Medical Accounting
How we can help medical professionals
At MFW we have extensive experience of providing medical accounting, taxation and auditing services to a wide range of medical professionals including:
- General Practices (GPs)
- Consultants
- Dentists & Hygienists
- Opticians
- Residential Care Homes
The experience we have gained within your profession means that we not only have all the expert knowledge and experience you need, but that we also have a key understanding about the industry you work in and the legislation and time pressures you face.
We aim to provide the necessary support you need so that you can spend your time where you are needed most, helping your patients.
Why choose an accountant with medical specialisms?
Through our knowledge of your industries, we have come to understand the pressures that medical professionals and their practices face. This is even more the case when the pressures on your time are so high.
Not all accountants understand the complexities involved in these industries, and will not necessarily be able to advise you on the most cost effective approaches for you. However, at MFW, we act for a range of medical professionals, and understand what is involved.
We can help with the following medical accounting services:
- Initial set-up and assistance with all aspects of practice management.
- Preparation of accounts, and explanation of how they have been prepared.
- Completion of tax and self-assessment returns, and explanation of how they have been calculated.
- Advising you as to the type of expenses you can claim against tax.
- Advise you on all your opportunities for tax relief.
- Completion of superannuation certificates.
- Bookkeeping, accounting and payroll services
- Training and supplying accounting software, including the latest cloud accounting solutions.
- We can also provide you with general advice on the NHS Pension Scheme, personal pensions and auto enrolment.
- Advice on maintaining your self-employment status.
- Retirement and succession planning.
Care Homes
At MFW we also have extensive knowledge in this sector and have been assisting our clients to run their care homes and residential homes more efficiently. We offer the following services to our Care Home clients:
- Acquisitions and disposals including advice on best sources of finance.
- Assist you to develop business plans for securing finance.
- Advise on how to manage your cash flow.
- Advise you on both business and your personal tax planning.
- By preparing accounts and undertaking audits.
- Provide you with VAT advice.
- Training on accounting software packages.
- Provide you with payroll or BACs support.
- Provide advice on pension planning.
Book a free initial consultation
Book a consultation to see how we can help you.
